3 Dec 2013
USD/CHF battling for higher ground
FXstreet.com (London) - USD/CHF is trading at the pivot having recovered some ground in the late hours of Europe handing over to the US session.
USD/CHF dropped from above the 0.91 handle. Meanwhile, strategist’s at Commerzbank said a close above 0.9154 will see the downtrend from the July high eroded. “The 100 day ma at 0.9181 continues to act as an interim barrier to both the 0.9251 7th November high and the 200 day ma at 0.9313”. They continued and said the market should find support at 0.9025 and again at minor psychological 0.9000 region, “we look for this to hold. Failure here will target 0.8968, the last defence for the 0.8891 recent low”.
USD/CHF Levels
The 20 DMA is 0 .9125, the 50 DMA is 0.9077 and the 200 DMA is 0.9313. RSI (14) reads 55.06. Supports are ascending from 0.8951, 0.8966, 0.8991, 0.9021, and 0.9081. Spot is currently 0.9087 while next resistances are 0.9111 and 0.9136.
USD/CHF dropped from above the 0.91 handle. Meanwhile, strategist’s at Commerzbank said a close above 0.9154 will see the downtrend from the July high eroded. “The 100 day ma at 0.9181 continues to act as an interim barrier to both the 0.9251 7th November high and the 200 day ma at 0.9313”. They continued and said the market should find support at 0.9025 and again at minor psychological 0.9000 region, “we look for this to hold. Failure here will target 0.8968, the last defence for the 0.8891 recent low”.
USD/CHF Levels
The 20 DMA is 0 .9125, the 50 DMA is 0.9077 and the 200 DMA is 0.9313. RSI (14) reads 55.06. Supports are ascending from 0.8951, 0.8966, 0.8991, 0.9021, and 0.9081. Spot is currently 0.9087 while next resistances are 0.9111 and 0.9136.